Berkshire Fund V

Berkshire Fund V, established in 2022, is a buyout fund managed by Berkshire Partners, a Boston-based private equity firm with a history of investing in mid-size private companies since 1984. The firm operates primarily in North America and Western Europe, focusing on buyouts, recapitalizations, and growth capital. Fund V has made investments across a diverse range of sectors, including consumer durables, consumer non-durables, financial services, commercial services, industrials, retail, and manufacturing. The fund's investment strategy emphasizes acquiring and supporting companies to drive growth and enhance value, reflecting Berkshire Partners' commitment to fostering long-term success in its portfolio.

Reuben Ackerman

Chief Compliance Officer and Stockbridge General Counsel

Samantha Adams

Managing Director

Michael C. Ascione

MD

Mike Ascione

Managing Director

Matt Berner

MD

Kevin M. Blesy

Associate

Bradley Bloom

Managing Director and Co-Founder

David C. Bordeau

MD

Dave Bordeau

Managing Director

Kenneth S. Bring

Chief Financial Officer and Managing Director

Jane Brock-Wilson

Managing Director

Kevin Callaghan

MD

Christopher Clifford

Senior Advisor

Candice Corvetti

Vice President

Christopher W. Dacey

Operating Director of Portfolio Support

Carl Ferenbach

Co-Founder

Blake L. Gottesman

Managing Director

Christopher Hadley

Managing Director

Larry Hamelsky

Managing Director

Lawrence S. Hamelsky

MD

Saad Hasan

Managing Director

Shar Heslam

Managing Director and General Counsel

Beth Hoffman

Managing Director

Elizabeth L. Hoffman

MD

Matthew Aaron Janchar

MD, Capital Markets

Joshua B. Johnson

MD

Ross Jones

Managing Director

Whitney Kelly

Principal

Benjamin Levy

Managing Director

Richard Lubin

Managing Director and Co-Founder

Josh Lutzker

MD

Jonathan D. Nuger

MD

Greg J. Pappas

Managing Director, Portfolio Support

Marni Payne

MD

David Randolph Peeler

Senior Advisor

Randy Peeler

Managing Director

Ted Rainaud

Principal

Prithvi Shankar

Investment Professional

Raleigh A. Shoemaker Jr.

Managing Director of Investor Relations

Howard Singer

Principal

Robert Small

Managing Director

Samuel W. Spirn

Managing Director

Joseph S. Tennant

Associate

Terry Thompson

Managing Director and COO

Neil D. Wagner

Associate

Robert L. Waldron

VP of Portfolio Support Group

Drew Walker

Managing Director

Edward Joseph Whelan

MD

34 past transactions

MedOne

Secondary Market in 2022
Provider of information technology services intended for global cloud and content customers, multinational technology companies, leading local enterprises and government entities. The company offers services including carrier-neutral colocation, interconnection, hybrid cloud and disaster recovery through protected and secured data center facilities, ensuring its clients connect to public cloud environments locally and internationally efficiently.

Ensemble Health Partners

Private Equity Round in 2022
Ensemble Health Partners provides revenue cycle management services for hospitals and physician practice operators.

Tango

Private Equity Round in 2021
Tango Analytics LLC is a company that specializes in cloud-based geospatial applications and predictive analytics for retail store management both in the United States and internationally. Founded in 2008 and headquartered in Irving, Texas, Tango offers a comprehensive suite of solutions that includes market planning, site selection, project management, and lifecycle management for franchises and stores. Its products enable users to visualize location data, analyze customer behavior, optimize market strategies, and generate sales forecasts. Additionally, Tango provides implementation and support services, as well as custom analytics and M&A due diligence solutions for the private equity sector. The company’s Software-as-a-Service platform integrates retail geographic information systems (GIS) with execution tools, facilitating more informed decision-making in site selection and development processes.

Parts Town

Private Equity Round in 2021
Parts Town makes finding, ordering, and managing genuine OEM restaurant or foodservice parts for your kitchen equipment one of the easiest tasks on your to-do list. Their huge selection of restaurant parts from the world's most trusted manufacturers helps you find parts for your fryers, grills, ovens, ranges, ice machines and more all in one easy to use place. Their commitment to customer service, great pricing and same day shipping keeps your commercial kitchen running efficiently, reliably and safely. Regular maintenance using Genuine OEM foodservice parts helps insure the reliability of your restaurant equipment. Parts approved by the original equipment manufacturer are specifically designed for your equipment, resulting in the highest level of performance and reliability. Genuine parts also protect your equipment warranties and reduce liability. Since 1987, Parts Town has been providing the foodservice industry restaurant parts. They supply replacement parts and accessories related to all commercial beverage equipment, broilers, fryers, griddles, holding units, ice machines, pasta cookers, ranges, refrigeration equipment, steamers, toasters, and warmers. Parts Town is the leading source for the leading brands, including: Frymaster parts, Prince Castle parts, Blodgett parts, Nieco parts, Pitco parts, Manitowoc parts, Scotsman parts, Hoshizaki parts, Hatco parts, Roundup parts, Groen parts, Bunn coffee parts, Middleby parts, Garland parts, T&S parts, Beverage Air parts, Traulsen parts, Vulcan parts, Randell Parts, Vita Mix parts, and Perlick parts. Parts Town is committed to providing you with customer service that dazzles and look forward to serving all of your commercial kitchen equipment, replacement parts, and restaurant supply needs.

Upstack

Private Equity Round in 2021
Upstack is a SaaS-enabled marketplace based in New York City that transforms the procurement of colocation and network services for IT professionals, sellers, and consultants. Founded in 2017, the company aims to enhance transparency in the evaluation process by standardizing requests for quotes (RFQs), automating pricing, and providing analytics tools. Upstack facilitates optimal IT deployments by offering enterprise-grade pricing across a range of project sizes, from single server racks to large-scale colocation needs. Additionally, Upstack connects businesses with freelance graphic designers, enabling users to post project requests and receive proposals from pre-approved professionals. This dual focus on IT services and graphic design positions Upstack as a versatile platform catering to diverse business needs.

Mielle Organics

Private Equity Round in 2021
Mielle Organics is a haircare brand known for its focus on using high-quality and certified organic ingredients in each of its products.

Comlinkdata

Acquisition in 2021
Comlinkdata is a telecommunication company providing telecom marketing services.

CrossFit

Acquisition in 2020
CrossFit, Inc. is a fitness consultancy established in 2000, headquartered in Washington, D.C. The company focuses on teaching and implementing its training methods through online platforms and provides a variety of services, including daily multimedia publications, training seminars, and certifications for trainers and coaches. CrossFit also supports a network of affiliates, with over 14,000 gyms in 158 countries, promoting an inclusive environment for participants. Additionally, it offers specialized training courses and lesson plans for children, catering to preteens and teens. Through its comprehensive approach, CrossFit aims to enhance health, happiness, and performance for individuals worldwide.

Vapor

Series C in 2020
Vapor IO develops a collection of edge colocation and interconnection facilities colocated with the wireless network. Serving wireless carriers, cloud providers, web-scale companies, and other innovative enterprises, the company’s Kinetic Edge combines multi-tenant colocation with software-defined interconnection and high-speed networking. The Kinetic Edge delivers a flexible, highly-distributed edge infrastructure at the edge of the wireless network. The company has deployed its Kinetic Edge in Chicago, IL and has plans to have projects underway in the top 20 markets with 100+ sites by 2020. Vapor IO was founded in 2015 and is based in Austin, Texas.

Teraco Data Environments

Acquisition in 2019
Teraco Data Environments (Pty) Ltd. provides vendor neutral data centers in South Africa. The company offers colocation services, private caged space, service level agreement solutions, physical interconnect services, power management, cabinet environment monitoring, remote technical access, and support services. It serves application service providers, recovery and back up or storage service providers, software as a service organizations, and enterprises. The company was incorporated in 2007 and is based in Cape Town, South Africa. It has data centers in Johannesburg and Cape Town, South Africa.

Vapor

Series C in 2018
Vapor IO develops a collection of edge colocation and interconnection facilities colocated with the wireless network. Serving wireless carriers, cloud providers, web-scale companies, and other innovative enterprises, the company’s Kinetic Edge combines multi-tenant colocation with software-defined interconnection and high-speed networking. The Kinetic Edge delivers a flexible, highly-distributed edge infrastructure at the edge of the wireless network. The company has deployed its Kinetic Edge in Chicago, IL and has plans to have projects underway in the top 20 markets with 100+ sites by 2020. Vapor IO was founded in 2015 and is based in Austin, Texas.

Precision for Medicine

Private Equity Round in 2017
Precision for Medicine is focused on enhancing medical research and advancing biomarker and translational sciences. The organization provides specialized services designed to support pharmaceutical and life sciences companies in utilizing biomarkers to target patient treatments more effectively. Its team comprises scientists, clinical trial experts, and technical specialists who offer a range of capabilities, including a state-of-the-art biorepository, biomarker identification through the analysis of omics and clinical data, and comprehensive companion diagnostic product development. Additionally, Precision for Medicine delivers fully integrated global clinical trial services and regulatory expertise, enabling clients to navigate the complexities of the precision development pathway. By combining these resources, the organization aims to accelerate value and improve outcomes for innovative pharmaceutical and life science companies.

Accela

Acquisition in 2017
Accela is a leading provider of software as a service (SaaS) solutions aimed at enhancing government operations and community development. Founded in 1981 and headquartered in San Ramon, California, the company specializes in offering tools for planning, building, licensing, permitting, and managing various civic services. Accela's platform supports government agencies at all levels, facilitating improved civic engagement and streamlining core processes to better serve citizens and businesses. By leveraging technology, Accela aims to foster thriving communities while ensuring efficient management of resources and services.

Kendra Scott Design

Private Equity Round in 2016
Kendra Scott is lifestyle brand, and its gemstone-inspired collections include fashion jewelry, fine jewelry, home goods, and beauty. Kendra Scott is lifestyle brand headquartered in Austin, TX. Our gemstone-inspired collections include Fashion Jewelry, Fine Jewelry, Home Goods and Beauty.

Masergy

Acquisition in 2016
Masergy Communications, Inc. is a provider of software-defined networking services based in Plano, Texas, specializing in hybrid networking, managed security, and cloud communication solutions for enterprises globally. Founded in 2000, the company operates a large independent global network platform that offers services such as managed SD-WAN, cloud-based security, and unified communications, including features for instant messaging, video calls, and virtual meetings. Masergy also provides tailored solutions like managed detection and response services, a mobile application for business communications, and tools for automating user management tasks. Additionally, the company offers professional security services—including compliance testing and risk management—and support for advanced network segmentation. With a commitment to delivering high-performance platforms and superior customer care, Masergy serves a diverse clientele, including some of the world's largest corporations. The company has locations in key cities, including Los Angeles, New York, London, Manila, and Amsterdam.

Parts Town

Venture Round in 2016
Parts Town makes finding, ordering, and managing genuine OEM restaurant or foodservice parts for your kitchen equipment one of the easiest tasks on your to-do list. Their huge selection of restaurant parts from the world's most trusted manufacturers helps you find parts for your fryers, grills, ovens, ranges, ice machines and more all in one easy to use place. Their commitment to customer service, great pricing and same day shipping keeps your commercial kitchen running efficiently, reliably and safely. Regular maintenance using Genuine OEM foodservice parts helps insure the reliability of your restaurant equipment. Parts approved by the original equipment manufacturer are specifically designed for your equipment, resulting in the highest level of performance and reliability. Genuine parts also protect your equipment warranties and reduce liability. Since 1987, Parts Town has been providing the foodservice industry restaurant parts. They supply replacement parts and accessories related to all commercial beverage equipment, broilers, fryers, griddles, holding units, ice machines, pasta cookers, ranges, refrigeration equipment, steamers, toasters, and warmers. Parts Town is the leading source for the leading brands, including: Frymaster parts, Prince Castle parts, Blodgett parts, Nieco parts, Pitco parts, Manitowoc parts, Scotsman parts, Hoshizaki parts, Hatco parts, Roundup parts, Groen parts, Bunn coffee parts, Middleby parts, Garland parts, T&S parts, Beverage Air parts, Traulsen parts, Vulcan parts, Randell Parts, Vita Mix parts, and Perlick parts. Parts Town is committed to providing you with customer service that dazzles and look forward to serving all of your commercial kitchen equipment, replacement parts, and restaurant supply needs.

Parts Town

Acquisition in 2016
Parts Town makes finding, ordering, and managing genuine OEM restaurant or foodservice parts for your kitchen equipment one of the easiest tasks on your to-do list. Their huge selection of restaurant parts from the world's most trusted manufacturers helps you find parts for your fryers, grills, ovens, ranges, ice machines and more all in one easy to use place. Their commitment to customer service, great pricing and same day shipping keeps your commercial kitchen running efficiently, reliably and safely. Regular maintenance using Genuine OEM foodservice parts helps insure the reliability of your restaurant equipment. Parts approved by the original equipment manufacturer are specifically designed for your equipment, resulting in the highest level of performance and reliability. Genuine parts also protect your equipment warranties and reduce liability. Since 1987, Parts Town has been providing the foodservice industry restaurant parts. They supply replacement parts and accessories related to all commercial beverage equipment, broilers, fryers, griddles, holding units, ice machines, pasta cookers, ranges, refrigeration equipment, steamers, toasters, and warmers. Parts Town is the leading source for the leading brands, including: Frymaster parts, Prince Castle parts, Blodgett parts, Nieco parts, Pitco parts, Manitowoc parts, Scotsman parts, Hoshizaki parts, Hatco parts, Roundup parts, Groen parts, Bunn coffee parts, Middleby parts, Garland parts, T&S parts, Beverage Air parts, Traulsen parts, Vulcan parts, Randell Parts, Vita Mix parts, and Perlick parts. Parts Town is committed to providing you with customer service that dazzles and look forward to serving all of your commercial kitchen equipment, replacement parts, and restaurant supply needs.

Affordable Care

Acquisition in 2015
Headquartered in Raleigh, North Carolina, ACI was founded in 1975 and is now the largest denture- and implant-services provider in the U.S., supporting a network of more than 200 affiliated practices in 39 states under the retail names Affordable Dentures and Affordable Dentures & Implants. The company’s affiliated practices offer a range of tooth replacement services including dentures, dental implants and tooth extractions. The company’s unique, highly-focused business model enables dentists to provide high-quality, low-price dental prostheses and same-day service to over 400,000 patients annually.

Implus

Venture Round in 2015
Implus Corporation designs and distributes footwear accessories and fitness products. Its offerings include insoles, shoe care products, performance socks, home fitness and wellness products, and various seasonal accessories. The company distributes its products to retail outlets across North America and internationally. The company was founded in 1988 and is based in Durham, North Carolina with locations in Gig Harbor, Washington; Carlsbad, California; Milton, Canada; Paris, France; Cape Town, South Africa; Kwun Tong, Hong Kong; and Melbourne, Australia.

Catalina

Acquisition in 2014
Catalina specializes in personalized digital media and targeted shopper marketing, driving loyalty and measurable sales outcomes for leading consumer packaged goods (CPG) retailers and brands. The company, headquartered in St. Petersburg, Florida, leverages the largest shopper history database globally to personalize the consumer's path to purchase across mobile, online, and in-store networks. With operations in the United States, Europe, and Japan, Catalina provides insights into the evolving purchase histories of over 75 percent of U.S. shoppers and 130 million health consumers. Its proprietary marketing platforms facilitate the delivery of tailored messages to specific audiences, enabling clients to enhance brand performance effectively. Catalina's extensive in-store network includes 50,000 locations worldwide, with over 26,000 in the United States alone. Additionally, Catalina operates one of the largest consumer couponing sites, CouponNetwork.com, further supporting its mission to help clients acquire and retain valuable consumers while promoting healthier choices.

Lightower Fiber Networks

Acquisition in 2012
Lightower Fiber Networks is a leading fiber network and broadband service provider in the Northeast, offering over 6,600 fiber route miles coupled with comprehensive transport and alternative access services. Lightower Fiber's geographic footprint extends from New England, to eastern New York State, northern New Jersey, Long Island, and New York City. With access to over 3,500 commercial buildings, Lightower offers unparalleled regional density, performance, scalability, security, and reliability in the Northeast. Lightower Fiber is headquartered in Boxborough, MA.

Party City

Private Equity Round in 2012
Party City Corporation is a leading supplier and retailer of party goods in North America and internationally, offering a wide range of products including balloons, party supplies, birthday decorations, Halloween costumes, and personalized items. Founded in 1986 and headquartered in Rockaway, New Jersey, the company operates through a network of approximately 900 party superstores, which include around 600 company-owned and franchised locations in the United States and Puerto Rico, as well as a temporary network of Halloween stores. Party City provides its products through physical retail stores and an e-commerce platform, PartyCity.com, featuring a broad selection of items. The company is part of Amscan Holdings, Inc., and supplies products to a variety of retailers and distributors, enhancing its reach in the market for seasonal and themed events.

Engineering Solutions & Products

Venture Round in 2011
ESP is a solution provider for Engineering, Technical and Consulting Services in response to Department of Defense requirements. With a corporate focus on our customer base, ESP provides response to small business and Federal Agency needs. ESP's "One Step Ahead" vision consistently provides winning solutions exceeding customer expectations. ESP's Global Presence in response to Army C4ISR programs include the following locations: The Pentagon, Fort Hood, Fort Belvoir, Fort Drum, Fort Campbell, Fort Leavenworth, Fort Lewis, Fort Irwin, Fort Monroe, Fort Gordon, Fort Polk, Fort Monmouth, Fort Huachuca, Fort Wainwright, Fort Richardson, Fort Shafter, Fort Carson, Fort Rucker, Fort Bragg, Camp Lejeune, Fort McPherson, Fort Benning, Schoefield Barracks, Hohenfels, Camp Arifjan, Camp Victory, Basra, Balad, Taji, Camp Liberty, Kandahar Army Air Field, Bagram Army Air Field, Camp Casey, Djibouti, Camp Bondsteel among many others.

Coty

Private Equity Round in 2011
Coty Inc., together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, and Tiffany & Co. brands. It also offers mass color cosmetics, fragrance, skin care, and body care products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Enrique, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, Sally Hansen, Stetson, and 007 James Bond brands. The company also sells its products through third-party distributors. It sells its products to approximately 150 countries and territories. The company was founded in 1904 and is based in New York, New York. Coty Inc. is a subsidiary of Cottage Holdco B.V.

Masterplan

Private Equity Round in 2007
Masterplan is a clinical technology management and medical equipment maintenance company.

Bartlett Nuclear

Venture Round in 2004
Bartlett Nuclear provides specialty services and staffing solutions to power generation, oil and gas, transmission and distribution, and government facilities. It bundles its individual offerings into a fully integrated platform that provides its customers with the quality of a specialty services provider with the coordination and cost savings of a fully integrated service provider. Bartlett Nuclear is based in Plymouth, Minnesota.

BHI Energy

Private Equity Round in 2004
BHI Energy is a provider of on-site specialty maintenance, radiation protection, and staffing services tailored for the power generation, oil and gas, and electricity transmission and distribution sectors. The company focuses on project management and staffing support, delivering maintenance, modification, and construction solutions for power generating and government facilities. BHI Energy emphasizes building long-term relationships with its clients by aligning with their operational objectives and assisting them in effectively managing and servicing their assets. This commitment to high-quality service fosters strong customer partnerships in the energy sector.

Acosta Sales & Marketing

Venture Round in 2003
Acosta Sales & Marketing is an Equal Opportunity Employer M/F/D/V. Acosta is committed to providing equal opportunity in all of our employment practices, including but not limited to selection, hiring, promotion, transfer, and compensation to all qualified applicants and associates without regard to race, color, religion, sex, national origin, citizenship status, age, disability, or any other status protected by law. At Acosta, we know that a diverse workforce is an effective one. We understand that it is only through our differences that we are able to truly build a strong company — one with a range of perspectives and ideas that come together to create more innovative solutions. We also understand how important it is that our workforce reflects the diversity of our markets and consumers. Our commitment goals to diversity regardless of content are to support the true representation of the environments in which we operate. We strive to create culturally diverse networks of inspired and skilled associates. We also promise to design and promote positive attitudes, beliefs and understanding toward equality. These principles will be based on respect and appreciation of individual ideas no matter the difference. We believe that when talented associates, from a wide range of backgrounds combine a variety of ideas, our clients and customers will benefit and thrive based on our commitment to inclusion. At Acosta we believe that diversity in our associates and our business relationships brings richness and strength to the services we provide to our clients and customers. Our commitment to diversity extends to our suppliers, where we strive to increase opportunities for ethnic minorities and women-owned businesses to accelerate their growth with Acosta. Supplier diversity is embedded into our strategic procurement processes; we maintain a database of qualified diverse suppliers, and include diverse suppliers in our sourcing and procurement efforts whenever possible. For more than 80 years, Acosta has been dedicated to conducting business with integrity, caring for our communities and respecting our environment. Through sustainability initiatives, Acosta endeavors to be a responsible corporate steward of the environment and, whenever possible, encourages eco-friendly business practices.

CityNet Telecommunications

Series B in 2001
CityNet is a broadband infrastructure company that builds carrier-class last-mile fiber optic networks. The company uses a revolutionary but proven in-sewer deployment method to build its networks in cities across the U.S. and internationally. As a wholesale carrier’s carrier, CityNet provides telecom carriers and network service provider customers with all-optical high-speed connections directly into commercial and residential multi-tenant buildings, thereby Bridging the Last-Mile DivideSM that exists for these carrier customers and, ultimately, end-users of broadband services.

Fusient

Series A in 2000
Fusient work with clients to identify the opportunities for enhancing the efficiency, accuracy and relevance of the activities of their front line workers. They offer clear, platform-agnostic advice about the different technologies that might be used. They develop mobile solutions that take into account the requirements of the field worker and the needs of management. Their focus always considers function and then form, never sacrificing one for the other. They won't select the hardware before they know the functionality, they won't choose the interface without knowing who is using it, and they won't build a training plan without understanding the culture. With over 10 years of experience, Fusient has the skill and insight to design, build and deploy custom applications that deliver substantial enhancements in business productivity.

Crown Castle

Series C in 1997
Crown Castle is a United States-based company that owns, operates, and leases infrastructure essential for wireless communications, including approximately 40,000 cell towers and over 90,000 route miles of fiber. The company provides significant wireless coverage to 92 of the top 100 U.S. markets and serves a substantial portion of the Australian population. Crown Castle leases space on its towers to wireless service providers, enabling them to install equipment necessary for their networks. Additionally, its fiber infrastructure supports both small-cell network setups for wireless carriers and internal connection needs for enterprises. The company concentrates its operations in major urban areas and derives about 75% of its revenue from the three largest U.S. mobile carriers. Crown Castle is committed to collaborating with community members and government officials to develop tailored connectivity solutions that foster smarter and better-connected communities. Through initiatives like the Connected by Good program, Crown Castle strives to be a responsible member of the communities in which it operates.

Crown Castle

Series B in 1996
Crown Castle is a United States-based company that owns, operates, and leases infrastructure essential for wireless communications, including approximately 40,000 cell towers and over 90,000 route miles of fiber. The company provides significant wireless coverage to 92 of the top 100 U.S. markets and serves a substantial portion of the Australian population. Crown Castle leases space on its towers to wireless service providers, enabling them to install equipment necessary for their networks. Additionally, its fiber infrastructure supports both small-cell network setups for wireless carriers and internal connection needs for enterprises. The company concentrates its operations in major urban areas and derives about 75% of its revenue from the three largest U.S. mobile carriers. Crown Castle is committed to collaborating with community members and government officials to develop tailored connectivity solutions that foster smarter and better-connected communities. Through initiatives like the Connected by Good program, Crown Castle strives to be a responsible member of the communities in which it operates.

Crown Castle

Series A in 1995
Crown Castle is a United States-based company that owns, operates, and leases infrastructure essential for wireless communications, including approximately 40,000 cell towers and over 90,000 route miles of fiber. The company provides significant wireless coverage to 92 of the top 100 U.S. markets and serves a substantial portion of the Australian population. Crown Castle leases space on its towers to wireless service providers, enabling them to install equipment necessary for their networks. Additionally, its fiber infrastructure supports both small-cell network setups for wireless carriers and internal connection needs for enterprises. The company concentrates its operations in major urban areas and derives about 75% of its revenue from the three largest U.S. mobile carriers. Crown Castle is committed to collaborating with community members and government officials to develop tailored connectivity solutions that foster smarter and better-connected communities. Through initiatives like the Connected by Good program, Crown Castle strives to be a responsible member of the communities in which it operates.